PJT Partners (PJT) Operating Margin (2014 - 2026)
PJT Partners (PJT) posted quarterly Operating Margin of 17.96% for Q1 2026, up 430.0% year-over-year from 3.39% in Q1 2025, and down 9.2% on a QoQ basis from 19.78% in Q4 2025.
PJT Partners (PJT) Operating Margin (2014 - 2026) Analysis & Trends
PJT Partners (PJT) has reported Operating Margin for 13 consecutive years, with 17.96% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 430.0% year-over-year to 17.96%; the TTM figure through Mar 2026 stood at 18.46% (up 184.0% YoY), while the FY2025 annual figure was 4.24%, down 1258.0% from the prior year.
- Operating Margin came in at 17.96% for Q1 2026 at PJT Partners, down from 19.78% in the prior quarter.
- The five-year high for Operating Margin was 20.92% in Q4 2024, with the low at 11.44% in Q1 2023.
- Average Operating Margin over 5 years is 16.02%, with a median of 16.22% recorded in 2023.
- Across the five-year window, Operating Margin tumbled 577 bps in 2023 and jumped 523 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 18.62% in 2022, then declined by 13 bps to 16.22% in 2023, then gained by 29 bps to 20.92% in 2024, then fell by 5 bps to 19.78% in 2025, then fell by 9 bps to 17.96% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 17.96%, 19.78%, and 18.27% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 149.71% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 28.49% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 46.50% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 108.11% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -161.28% |
| 10 | PJT Partners | 59.27 Mn | 407.49 Mn | 412.92 Mn | 17.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.96% |
| Dec 31, 2025 | 19.78% |
| Sep 30, 2025 | 18.27% |
| Jun 30, 2025 | 17.52% |
| Mar 31, 2025 | 13.66% |
| Dec 31, 2024 | 20.92% |
| Sep 30, 2024 | 13.03% |
| Jun 30, 2024 | 16.82% |
| Mar 31, 2024 | 14.06% |
| Dec 31, 2023 | 16.22% |
| Sep 30, 2023 | 12.76% |
| Jun 30, 2023 | 13.20% |
| Mar 31, 2023 | 11.44% |
| Dec 31, 2022 | 18.62% |
| Sep 30, 2022 | 14.91% |
| Jun 30, 2022 | 15.88% |
| Mar 31, 2022 | 17.21% |
| Dec 31, 2021 | 21.78% |
| Sep 30, 2021 | 17.74% |
| Jun 30, 2021 | 18.97% |